Trading on the European Climate Exchange in October rose 283% year-on-year as the bourse cemented its position as market leader in carbon trading.
A total of 412,552 contracts, conveying the right to emit 412m tonnes of carbon, were traded on the London-based exchange, compared with 189,224 in October 2007.
European Union Allowances futures trading dominated the trading with 324,942 contracts, while Certified Emissions Reduction futures totalled 65,675 contracts.
EUA options attracted 65,675 trades, while the bourse’s most recent product, its CER options, produced 15,200 transactions.
One reason for the growth in trading may be the volatility...